Oireachtas Joint and Select Committees

Thursday, 5 November 2020

Public Accounts Committee

2019 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2019
Chapter 17 - Ireland Apple Escrow Fund

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11:30 am

Mr. Derek Moran:

All the expenses of the investment managers were paid out of the fund. There is an agreement between the parties that those costs are charged to the fund and the net amount at the end is returned either to the Irish Exchequer or Apple.

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